KCD Financial
- Company typePrivate
- Founded2003
- HeadquartersGreen Bay, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
KCD Financial firmographics
Firmographics- Name
- KCD Financial
- Legal name
- KCD Financial, Inc.
- Website
- https://kcdfinancial.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
KCD Financial industry classification
Industry- Product category
- Broker-Dealer Services
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Independent Broker-Dealer / Registered Representative Networks (FSAEACAG)
- akta.pro secondary industry
- Independent Broker-Dealers (Retail Network) (FSAAAAAC)
Keywords
Where KCD Financial is headquartered
LocationHeadquarters
- HQ city
- Green Bay
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
KCD Financial business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Broker-Dealer Commissions: KCD Financial generates revenue through commissions on the sale of financial products including mutual funds, variable annuities, variable life insurance, Direct Participation Programs (DPPs), Real Estate Investment Trusts (REITs), equities, and fixed income securities. Representatives earn commissions with over 90% gross-dealer concession payouts. The firm does not accept compensation for directing order flow to Hilltop Securities clearing firm.
- Third-Party Money Management Fees: Revenue from third-party money management services offered through both the clearing firm Hilltop Securities and direct selling agreements with sponsoring companies.
- Fixed Insurance (Outside Business Activity): Fixed insurance products including Medicare plans and other non-securities offerings are treated as a true Outside Business Activity. Representatives keep 100% of fixed insurance income with no haircut, working with their choice of IMO/FMO marketing organizations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Over 90% Gross-Dealer Concession Payouts |
| Transaction based/ take rate | Pay-as-you-go | 100% Fixed Insurance Payouts |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
KCD Financial product offering
Product offeringCore offering
KCD Financial operates as an independently-owned broker-dealer and registered investment advisor headquartered in Green Bay, Wisconsin. The firm provides independent financial planners nationwide with brokerage and advisory services, compliance support, succession planning, and access to back-office technology for selling non-proprietary investment products.
Product overview
KCD Financial operates as an independently-owned broker-dealer and registered investment advisor serving independent financial planners nationwide. The core offering combines brokerage and advisory services with comprehensive back-office technology solutions including the Reg BI Optimizer and SmartOffice CRM. Representatives receive compensation through commission structures offering over 90% gross-dealer concession payouts starting at dollar one. The platform supports fixed insurance products as an Outside Business Activity with 100% payouts, while providing succession planning services and education tools for alternative investments. An annual conference brings vendors and tech experts to support representative development. Trade execution and clearing services are handled through Hilltop Securities.
Differentiator
Problem solved
Functional benefit
Products and services
- Brokerage and Advisory Services Broker-dealer and RIA affiliation service for independent financial planners nationwide, providing access to non-proprietary investment products, back-office technology, and compliance support. Designed for independent representatives seeking a partner that does not compete with them by selling proprietary products.
- Fixed Insurance Products (Outside Business Activity)
Companies that use KCD Financial
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles1 record
KCD Financial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
KCD Financial partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Hilltop SecuritiescoreHilltop Securities serves as KCD Financial's clearing firm, providing trade execution, clearing, and back-office infrastructure. KCD directs all OTC, listed stock, and options trades to Hilltop Securities for execution. Hilltop backs up important records in a geographically separate area. KCD does not receive compensation for directing order flow to Hilltop Securities. Hilltop regularly monitors quality of executions for best execution purposes.
Scale indicators6 records
Recent moves5 records
Expansion highlights5 records
KCD Financial competitors and assessment
Company assessmentBroad incumbents
- LPL Financial: Largest independent broker-dealer in the US by advisor count and AUM, public company. Overlaps KCD in target customer (independent financial advisors, wirehouse breakaways) and product menu, but operates at vastly greater scale with institutional governance.
- Raymond James Financial Services: Independent contractor channel of Raymond James, serving independent financial advisors within a much larger, publicly-traded parent. Comparable advisor-channel business model, but with substantially broader product, research, and balance-sheet resources.
- Lincoln Financial Advisors: Independent broker-dealer channel of Lincoln Financial Group, serving independent financial advisors through a large insurance/annuity parent. Overlaps KCD in the independent advisor channel and in variable annuity/insurance product distribution, with greater corporate resources.
Direct peers
- Cambridge Investment Research: Large privately-held independent broker-dealer focused on independent financial advisors, with high payouts and a non-proprietary product menu. Directly comparable in business model and target customer (wirehouse breakaways and independent reps).
- Geneos Wealth Management: Independent broker-dealer/RIA hybrid focused on independent financial advisors. Closely comparable in size tier, dual BD/RIA model, and rep-friendly value proposition, serving a similar advisor base to KCD.
- Cetera Advisor Networks: Independent broker-dealer network under the Cetera umbrella serving independent financial advisors. Same target customer (wirehouse breakaways, independent reps) and overlapping product set, comparable in business model if larger in scale.
- Cetera Financial Group: Independent broker-dealer network formed from the Advisor Group rollup, serving independent financial advisors across multiple firm brands. Comparable target customer and product breadth, though significantly larger scale and more institutional ownership.
- Commonwealth Financial Network: Large privately-held independent broker-dealer/RIA serving independent financial advisors. Closely comparable to KCD in the independent BD/RIA hybrid model, with a similarly advisor-friendly payout and no-proprietary-product stance, but at substantially greater scale.
- Triad Advisors: Mid-size independent broker-dealer serving independent financial advisors, with a comparable payout and product-agnostic positioning. Direct competitive overlap with KCD for the same wirehouse-breakaway and independent advisor segment.
- Equity Services Inc. Independent broker-dealer subsidiary of National Western Financial, serving independent financial advisors nationwide. Comparable size tier, BD/RIA structure, and advisor support model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
KCD Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
KCD Financial leadership team
Management profileNumber of profiles
Profiles5 records
KCD Financial funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
KCD Financial M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about KCD Financial
What does KCD Financial do?
KCD Financial operates as an independently-owned broker-dealer and registered investment advisor headquartered in Green Bay, Wisconsin. The firm provides independent financial planners nationwide with brokerage and advisory services, compliance support, succession planning, and access to back-office technology for selling non-proprietary investment products.
Is KCD Financial a public or private company?
KCD Financial is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was KCD Financial founded?
KCD Financial was founded in 2003. It employs 101 to 250 people.
Where is KCD Financial based?
KCD Financial is headquartered in Green Bay, United States, in the North America region.
How does KCD Financial make money?
Three revenue lines are on record. Broker-Dealer Commissions are the primary driver. The others are third-Party Money Management Fees and fixed Insurance (Outside Business Activity).
Who are KCD Financial's main competitors?
Broad incumbents on record are LPL Financial, Raymond James Financial Services and Lincoln Financial Advisors. Direct peers are Cambridge Investment Research, Geneos Wealth Management, Cetera Advisor Networks, Cetera Financial Group, Commonwealth Financial Network, Triad Advisors and Equity Services Inc..
Does KCD Financial have an API?
No public API is recorded for KCD Financial.
What industry is KCD Financial in?
KCD Financial's product category is Broker-Dealer Services. Its primary akta.pro industry code is FSAEACAG, Independent Broker-Dealer / Registered Representative Networks, with a secondary code of FSAAAAAC, Independent Broker-Dealers (Retail Network). Its NAICS code is 523940 and its SIC code is 6211.